AskGuru Q&A Community

Given the scenario you listed, a) Economically, it's better for your brother to buy alone to save on the 3% Additional Buyer Stamp Duties (ABSD). Having said that, many new project launches are offering a rebate for ABSD incurred. So it might not be applicable if you buy a newly launched project,

B) Like I mentioned above, ABSD will be incurred for SPR buying a second property.

C) With the exception of single singaporeans above age 35 who are allowed to own a HDB by himself, a family nucleaus has o be formed before they are allowed to purchase a hdb. What it means here is, even if your brother successfully converted his citizenship, he can own only one hdb at any one time and you, as a SPR, can't own a HDB by yourself.

If both of you buy a condo together, the 3% ABSD will be applicable because he is buying with a SPR. It's better for him to buy on his own if you take ABSD into consideration.

I suppose your intention is to buy a second property for investment purposes. By paying off your existing HDB loan, you will be able to borrow 80% loan-to-valuation (LTV) when you buy a second property, compared to 60% LTV under current regulations.

Do drop me an email at William.choo@me.com should you have any other question. Cheers. Read More

Hi Casio,

A wise option would be:

Keep the HDB, and once your brother becomes a citizen, buy a condo under his name. This way, the Stamp Duty is only 3% for him. And if the HDB is fully paid, bank will loan him 80% of the property price.

Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions. Alternatively, we can also meet up to discuss
at your convenient time and place.

Thank you & Best Regards
J.A.Goh
HP: 9639 0350 
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ 82798327  -

Why Should HDB Sellers engage me? Contact me @ 82798327 

Questions Like .. Review ...
Recommended
SIBOR / SOR – FLOAT RATE LOAN
Mortgage Calculations
Repayment Calculations
Difference Between HDB n Bank Loans
Home or renovation Loans
Property Tax
hdb resale checklist
Getting a BTO Flat
Getting a licensed contractor hdb
Tenancy Agreement For renting or rent out a house
home insurance coverage - HDB Fire Insurance
What is OTP ?

Shalom

Blessed , Regards
Koh.Z.H - Agt
hp- 82798327 
Cea Reg - R 0 5 7 8 1 0 C
Orangetee - L3009250K
AAG Team Agent

***Recruitment Agt Welcome

My propertyguru Commercialguru Site

http://www.propertyguru.com.sg/agent/mr-koh-z-h-481485/koh-z-h

Welcome owner/Landlord to list through us Read More